Current Attempt in Progress

The treasury stock method, applied to written call options and equivalents, assumes that

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the proceeds are used to purchase preferred shares for the treasury at the average market price that exists during the year.

the options$/$warrants or equivalents are exercised at the beginning of the year.

the proceeds are used to purchase common shares for the treasury at the ending market price.

the options$/$warrants or equivalents are exercised at the end of the year.